Business Summary Links By Day

Business Summary Links By Day

Dave’s Daily: http://www.etfdigest.com BULLS CHERRY PICK NEWS 4-27-12 [ As astutely pointed out by Dave, ‘Michigan Consumer Sentiment Report (76.4 vs 75.8 expected and prior 75.7) which is weighted more heavily by stock market prices than Consumer Confidence’, this thusly is the ultimate ‘bootstrap’ for these bubble stock prices. ] ‘U.S. GDP Data was worse than expected (2.2% vs 2.6% expected & prior 3%). There’s nothing good about this data unless you believe spring weather caught up with a warm winter. Is that the spin? Perhaps. Others might just return to the previous mantra from the past few years: “bad news is good, good news is better” cynically meaning the Fed will launch another round of QE. It’s the belief by bulls that no matter the data the Fed has your back until its QE effect exhausts itself. Nevertheless the weaker GDP data confirms what we’re seeing globally—economic contraction…’ , 25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know http://albertpeia.com/25horriblestatsaboutuseconomyobamahides.htm ’The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face. Take the U.S. economy for example. Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving. So that is what he is telling the American people. The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery. A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that the economy is getting better so they are buying the propaganda that the mainstream media is feeding them. But is the U.S. economy really improving? The truth is that it is not. The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president. Home ownership levels and home prices continue to decline. Meanwhile, food and gasoline continue to become even more expensive. The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama. We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II.The horrible statistics about the U.S. economy that you are about to read are not talked about much by the mainstream media. They would rather be "positive" and "upbeat" about the direction that things are headed.But lying to the American people is not going to help them. If you are speeding in a car toward a 500 foot cliff, you don't need someone to cheer you on. Instead, you need someone to slam on the brakes.The cold, hard reality of the matter is that the U.S. economy is in far worse shape than it was four or five years ago.We have never come close to recovering from the last recession and another one will be here soon.The following are 25 horrible statistics about the U.S. economy that Barack Obama does not want you to know....#1 The percentage of Americans that own homes is dropping rapidly. According to Gallup, the current level of homeownership in the United States is the lowest that Gallup has ever measured.#2 Home prices in the U.S. continue to fall like a rock as well. They have declined for six months in a row and are now down a total of 35 percent from the peak of the housing bubble. The last time that home prices in the United States were this low was back in 2002.#3 Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.#4 Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer. Today, that number is above 30 percent.#5 When Barack Obama first became president, the number of "long-term unemployed workers" in the United States was 2.6 million. Today, it is 5.3 million.#6 The average duration of unemployment in the United States is about three times as long as it was back in the year 2000.#7 Despite what the mainstream media would have us to believe, the truth is that the percentage of working age Americans that are employed is not increasing. Back in March 2010, 58.5 percent of all working age Americans were employed. In March 2011, 58.5 percent of all working age Americans were employed. In March 2012, 58.5 percent of all working age Americans were employed. So how can Barack Obama and the mainstream media claim that the employment situation in the United States is getting better? The employment rate is still essentially exactly where it was when the last recession supposedly ended.#8 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.#9 In 1962, 28 percent of all jobs in America were manufacturing jobs. In 2011, only 9 percent of all jobs in America were manufacturing jobs.#10 In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.#11 According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.#12 Since Barack Obama entered the White House, the price of gasoline has risen by more than 100 percent.#13 The student loan debt bubble continues to expand at a very frightening pace. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark…#s14-25…’ , The Truth About Egan-Jones ZeroHedge.com Tyler Durden 4/27/2012 ‘... but not from us: after all we are known for being biased, which in the mainstream media parlance means calling it like it is. No - instead we leave it to none other than Bloomberg's Jonathan Weil who does as good a job of being "biased" as we ever could: "Egan-Jones, which has been in business since 1992, could have continued operating as an independent publisher of ratings and analysis, not subject to government oversight or control. Instead it chose to play within the Big Three’s system, exposing itself to regulation and the whims of the SEC in exchange for the government’s imprimatur. Now it’s paying the price." And not only that: as the most recent example of Spain just shows, where Egan Jones downgraded Spain 9 days ago and was ignored, but well ahead of everyone else, only to be piggybacked by S&P, and the whole world flipping out, it has become clear: calling out reality, and the fools that populate it, is becoming not only a dangerous game, but increasingly more illegal. Then again - this is not the first time we have seen just this happen in broad daylight, with nobody daring to say anything about it. In fact, this phenomenon tends to be a rather traditional side-effect of every declining superpower. Such as the case is right now...’ , The Sell-Side Take On The Tepid GDP Growth , Art Cashin On The Fed, The Election, And The Collapse Of The Euro , Michael Krieger On The Rebirth Of Barter China is preparing to avoid U.S. sanctions on Iran by paying for oil with gold. Not only that but, as Forbes contributor Gordon Change also mentions, China has already been bartering with Iran to get a hold of petroleum using among other goods, Chinese washing machines, refrigerators, toys, clothes, cosmetics, and toiletries. The barter trade works, but Iran needs cash too - hence Gold. Thus, the leadership in America in its infinite stupidity has actually accelerated the demise of the U.S. dollar as the world’s reserve currency. In a similar move on a more micro level, the government of Spain in a similar desperation has banned the use of cash transactions above 2,500 euros. How do you think citizens are going to respond to this? People are already in the streets. Everything is going to go black market and to a barter system. It will happen country by country as governments get increasingly desperate and the authoritarian clamp down continues. It will happen on an increasing level until all of these house of cards bureaucratic states fail and something new is reborn - just as we noted in a small town in Greece recently. , Eric Sprott: "When Fundamentals No Longer Apply, Review the Fundamentals" , Robert Wenzel's 'David' Speech Crushes Federal Reserve's 'Goliath' Dream In perhaps the most courageous (and now must-read) speech ever given inside the New York Fed's shallowed hallowed walls, Economic Policy Journal's Robert Wenzel delivered the truth, the whole truth, and nothing but the truth to the monetary priesthood. Gracious from the start, Wenzel takes the Keynesian clap-trappers to task on almost every nonsensical and oblivious decision they have made in recent years. "My views, I suspect, differ from beginning to end... I stand here confused as to how you see the world so differently than I do. I simply do not understand most of the thinking that goes on here at the Fed and I do not understand how this thinking can go on when in my view it smacks up against reality." And further..."I scratch my head that somehow your conclusions about unemployment are so different than mine and that you call for the printing of money to boost 'demand'. A call, I add, that since the founding of the Federal Reserve has resulted in an increase of the money supply by 12,230%." But his closing was tremendous: "Let’s have one good meal here. Let’s make it a feast. Then I ask you, I plead with you, I beg you all, walk out of here with me, never to come back. It’s the moral and ethical thing to do. Nothing good goes on in this place. Let’s lock the doors and leave the building to the spiders, moths and four-legged rats.", IceCap Asset Management: 1982 And Secular Bull Market Bias While many will remember 1982 for its disco and the movie E.T., it is perhaps best known by an investing public as the end of a 16 year secular bear market. The 10% decline from 1966 was better, however, than the 38% loss from 1937 to 1941 and the 80% loss from 1929-1932 but together this triumvirate make up the secular bear markets. Luckily, as IceCap's Keith Dicker notes, for most of the investment industry they can gloss over these extended loss periods and instead focus on the long-run secular bull markets (cue Jeremy Siegel). However, he points out that unknown to many and ignored by the rest, "we are in the middle of another long and dragged out Secular Bear Market which has seen investors lose 7% since the year 2000 - that's 12 years of hopes for nothing." Understanding secular markets and how they transition from BULL to BEAR is perhaps the most rewarding investment perspective you won’t hear from anyone else. While financial markets continue to yo-yo with our retirements, the truth is, the next Secular BULL Market is not quite ready to perk its head up just yet as Dicker addresses P/E ratios during inflationary and deflationary periods summing up his view of the world rather succinctly: "As central banks continue to bail out banks and countries, they implicitly create an investment culture whereby failure is rewarded and success is taxed to reward those who failed." , Breaking Point: The End Of The Cheap Energy Economy , Richard Koo On The Three Problems With Bullish Speculation On Europe , Jim Quinn Explains Why We've Never Left The Recession It is three and a half years since the Great Recession hit in 2008 with the collapse of our financial system caused by the Wall Street banks and their captured politician cronies in Washington D.C. Their mouthpieces in the mainstream media have been telling the American sheeple that we have been out of recession and in recovery since the 4th quarter of 2009. It truly has been a recovery for the Wall Street bankers and the mega-corporations that have laid off millions and opened new factories in the Far East while generating record profits and rewarding their executives with millions in bonuses. The stock market has doubled from its 2009 lows. All is well on Wall Street – not so much on Main Street. The compliant non-questioning MSM reported that GDP in the 1st quarter rose 2.2%, less than expected. This pitiful government manipulated result confirms that we are back in recession. The first quarter had the huge benefit of fantastic weather, an extra day, and a supposed surge in jobs. And this is all we got? Take a good long hard look at this chart. , US Companies Are Furiously Creating Jobs... Abroad , Europe Ends Week Green But Notably Red On Month , Spanish Economy Crumbles: Unemployment Nearly 25% , Big GDP Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier , Chart Of The Day: Change In Q1 American Debt And GDP Presented without much commentary, because little is necessary: the only ratio that matters for the US economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in the first quarter, hit 2.52x and rising. It takes $2.52 in new debt to "buy" $1 of economic "growth" , Guest Post: The New Drug of Choice In The White House, Federal Reserve and Treasury: Delusionol (tm)

National Geographic Exposé on NYPD Finest “The Lombardo”

Luke Rudkowski | Holding patterns to deal with OWS: The main objective of this piece is to hopefully make you and also officer Lombardo laugh.

More Americans Than Projected Filed Jobless Claims Last Week

Timothy R. Homan | More Americans than forecast filed applications for unemployment benefits last week.

5 New Lies That The Federal Reserve Is Telling The American People http://albertpeia.com/5newliesbythefed.htm http://albertpeia.com/fraudulentfedhasfailed.htm The Economic Collapse | The Federal Reserve says that everything is going to be okay.

Chart Of The Day: Change In Q1 American Debt And GDP

Zero Hedge | Agency continues to pose a threat to aviation and the traveling public at large.It takes $2.52 in new debt to “buy” $1 of economic “growth”

Spanish Economy Crumbles: Unemployment Nearly 25%

Zero Hedge | In a week that Spain can’t wait to end, the country was just hit with the bad news bears Trifecta.

“I don’t trust you one inch” Bloom tells European Central Bank chief Draghi

Youtube | The ECB is not supposed to lend to governments, only to banks.

MIT computer simulation predicts total global economic collapse in less than 20 years

Natural News | Don’t look now, but some of the world’s smartest people are even predicting the end of the global economic order as we know it, and they’re saying it’ll happen within the next two decades.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

Impeach Obama 2012. Join the National Campaign

Infowars.com | Now is the time to put an end to Obama’s treasonous and tyrannical behavior.

http://albertpeia.com/impeachobama.htm

Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says “special interests,” she means interests opposed to establishment Democrats. [ Here’s a look at the pelosi / wobama styled new california ( 16 Reasons To Move Away From California `http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm` ) . pelosi’s incompetent / senile in that chronological order. At this point, wobama the b for bs is just incompetent but acts and seems as if he’s senile, particularly with regard to previous things he’s said and prior promises that he’s made. ]

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{ some prior links of current interest }

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm, Inventor of World Wide Web Savages Government’s Big Brother Plans http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm , 16 Reasons To Move Away From California `http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm` , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed http://albertpeia.com/ustransformedfromwealthytopoor.htm , ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington. , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , Conned 2012: Joseph Kony Is A CIA Contractor [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.com , The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California `http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ,` No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden `,` The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market `[` http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden, Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left., Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... ,